Policy objective and system uniformity
- The circular establishes that the stock reporting system for Manufacturers, Assemblers, Importers and Dealers requires the issuance of Certificates of Stock Reported (CSR).
- The circular requires uniformity in the system for issuing the CSR and the prooflist.
- The circular provides that CSR and prooflist operate as key documentary requirements in motor vehicle registration.
Certificates of Stock Reported (CSR)
- A CSR is issued only once for one (1) unit of engine or chassis or motor vehicle.
- The CSR is issued to accredited manufacturers, assemblers and importers.
- The CSR is part of the documentary set needed in motor vehicle registration.
Prooflist for accredited dealers
- The issuance of prooflists to accredited dealers for local purchase is allowed.
- Prooflists are used for the transfer of stocks from the manufacturer, assembler or importer to the accredited dealer.
- A prooflist functions as a registration requirement for the motor vehicle involved in the local purchase transfer.
Documentary requirement for registration
- The CSR or the prooflist, as applicable, is one of the requirements in the registration of a motor vehicle.
- The circular links motor vehicle registration to the correct stock reporting document corresponding to the transaction chain.
Guidance and compliance directive
- The circular directs all concerned parties to be guided accordingly.
- Compliance with the CSR/prooflist issuance rules supports uniform implementation of motor vehicle registration documentary requirements.